Retail store, state of New York, USA

Additional information is provided after the signing of an NDA

Retail store, state of New York, USA

$4,250,000
$1,991 /m²
Learn the property location
Send the listing to yourself
  • Total area
    2,134 m²
  • Yield
    6.3%
  • Built in 
    2008
Details
Property parameters
  • 1-floor building
Financial performance
  • Annual income: $225,651
Tenants
  • Fully let
  • End of lease: 2023

A retail store of auto parts in the state of New York.

Description

Auto parts store (free-standing building).

Financial performance

The cost of the property is 4,250,000 $.

The absolute annual income is $ 267,750.

The current yield is 6.3%.

Tenants

The tenant is a large retail chain of auto parts and accessories stores with more than 5,000 branded stores and more than 1,300 independent outlets in the USA and Canada. The company's sales volume exceeds 10 billion dollars.

The lease agreement is valid until 2023.

Type of lease: Triple Net with minimum obligations of the landlord

(the lessee is responsible for all buildings/ systems, including roof, HVAC, parking lot, real estate and insurance taxes, the landlord is only responsible for the foundation and frame of the building).

Location and nearby infrastructure

The property is located in a village with the population about 30,000 people in the southern part of the city of Babylon (Suffolk County, New York).

The city of Babylon is on the southern coast of Long Island, its population is more than 210,000 inhabitants.

The distance to New York is 32 km, to Manhattan — 48 km, to Republic Airport — about 2 km.

More properties

If this property wasn’t for you, take a look at other retail space for sale in New York City.

All ads in the country: retail space for sale in the USA.

Similar listings

We select ads that may interest you.

Not sure what to start with? Send an advice request
Our expert will contact you to help with selecting real estate.
Ask a question
    I confirm that I have read and accept the Privacy Policy and Personal Data Processing Guidelines.
    Marina Filichkina,
    Head of Sales
    flag icon
    Limassol, Cyprus
    Tranio Cyprus LTD, 38 Karaiskaki Kanika Alexander Center, Block 1, 1st Floor office 113b, 3032 Limassol Cyprus
    flag icon
    Athens, Greece
    Tranio LLC, Vissarionos, 4, 10672 Athens
    flag icon
    Torrevieja, Spain
    Tranio LLC, Calle del Palangre, 14, 03182 Torrevieja
    flag icon
    Dubai, UAE
    Tranio Global Real Estate, Wafi Residence, Oud Metha Rd - Umm Hurair 2 - Dubai - United Arab Emirates
    flag icon
    Berlin, Germany
    Tranio Germany GmbH, Schlüterstraße 38, 10629 Berlin
    Send a request